ValuEngine Downgrades New Senior Investment Group (SNR) to Hold

ValuEngine cut shares of New Senior Investment Group (NYSE:SNR) from a buy rating to a hold rating in a research note released on Wednesday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of New Senior Investment Group from a buy rating to a hold rating in a report on Tuesday. Morgan Stanley decreased their price target on shares of New Senior Investment Group from $9.00 to $8.00 and set an underweight rating for the company in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $9.00.

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New Senior Investment Group (SNR) opened at $6.98 on Wednesday. The stock has a market cap of $577.51, a price-to-earnings ratio of 6.01 and a beta of 0.84. New Senior Investment Group has a fifty-two week low of $6.77 and a fifty-two week high of $10.82. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23.

Several large investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of New Senior Investment Group in the fourth quarter worth $239,000. Virtu Financial LLC increased its stake in shares of New Senior Investment Group by 62.4% in the fourth quarter. Virtu Financial LLC now owns 70,768 shares of the real estate investment trust’s stock worth $535,000 after acquiring an additional 27,202 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of New Senior Investment Group by 13.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 182,290 shares of the real estate investment trust’s stock worth $1,378,000 after acquiring an additional 20,913 shares during the period. BlackRock Inc. increased its stake in shares of New Senior Investment Group by 3.0% in the fourth quarter. BlackRock Inc. now owns 7,376,465 shares of the real estate investment trust’s stock worth $55,766,000 after acquiring an additional 217,101 shares during the period. Finally, Global X Management Co. LLC increased its stake in shares of New Senior Investment Group by 2.0% in the fourth quarter. Global X Management Co. LLC now owns 943,264 shares of the real estate investment trust’s stock worth $7,131,000 after acquiring an additional 18,111 shares during the period. Hedge funds and other institutional investors own 67.40% of the company’s stock.

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New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.